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Shares in the Indonesian fintech company Digiasia Corp jumped strongly on May 19 after it had revealed plans to place Bitcoin in the middle of his future.
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The company wants to pick up $ 100 million to build a BTC reserve, and it says that half of its net profit will go to buy more. The announcement received a lot of attention – maybe too much, too fast.
Stock is on Bitcoin Reserve Plan
The shares of Digiasia, which trades under the Ticker Faas on the Nasdaq, closed the day more than 91% at 36 cents, Google Finance -Data Shows. But the excitement did not last long.
After hours the price fell by 20% to 28 cents. That sudden move shows how quickly the investor handlebar can shift, especially when the crypto is involved.
Source: Google Finance
The share had fallen approximately 50% this year before the announcement. It acted almost $ 12 in March 2024. Now it is nowhere near those highlights. This newest wave looks like a shot of adrenaline, not a long -term solution.
Bitcoin Reserve Plan and Profit Pledge
Digiasia not only talks about Bitcoin – it is part of his future profit. The company’s board has already approved a plan to deal with Bitcoin As an assets of a treasury reserve. That means it doesn’t just keep cash; It wants BTC in its back pocket.
It also said it would make up to 50% of its net profit to acquire Bitcoin. The company is currently looking for a maximum of $ 100 million to get that plan moving. It can use aids such as convertible notes or crypto financing products to do that.
The management is also in discussions with regulated partners to find out how they can earn proceeds on his participations, possibly by borrowing or expanding.
Income grow but still small
Based on a financial update of April 1, Digiasia raised $ 101 million in income in 2024, a jump of 36% compared to the previous year.
It strives for $ 125 million in 2025, with projected income before interest and taxes of $ 12 million. That is a solid growth, but the company is still small compared to others who come to Bitcoin.
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Some wonder if it is ready to play in the same competition as companies like Strategy Or even Gamestop, who raised $ 1.5 billion earlier this year. The figures from Digiasia show ambition, but also limits.
Bitcoin acceptance at public companies
Buying more and more companies in Bitcoin, currently acting $ 105,116, With a market capitalization almost $ 2 trillion, as a long -term strategy.
MicroSstratey, now known as a strategy, has more than 576,000 BTC – which has around $ 60.9 billion. Strive Asset Management has also announced that it shifted to a Bitcoin Treasury approach.
Featured image of Unsplash, graph of TradingView